One way to solve the free-rider problem is:
A. tax everyone an equal amount for the good.
B. have the government provide the good at a certain cost.
C. make the good or service more excludable.
D. tax those who truly value the good.
Answer: C
Economics
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In the non-strategic sequential labor negotiation game:
a. The ability to commit to a strategy gives you an advantage b. The ability to commit to a strategy gives your opponent an advantage c. The ability to commit to a strategy is irrelevant d. Players should simply not commit to a strategy to obtain an advantage
Economics
Which of the following is most likely to be a major source of growth in per capita GDP?
a. A high investment / GDP ratio b. A high rate of inflation c. Rapid population growth d. Rapid growth in the money supply
Economics